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boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the deduction, limit credits. formula for a solution. >> real solution. >> chris: senator corker, you have a draft plan you have been circulating to a number of members in the senate. is there a deal here? >> i think there is a deal. the ying and yang of this is we know there has to be revenues. look, i haven't met a wealthy republican or democrat in tennessee that is not willing to contribute more. as long as they know we the problem. the ying of revenue, we understand. i think there is a very good pro-growth way of putting that place, so you are getting revenues from people like me and other
boehner seemed to be saying i am going to close loopholes and use the revenue. not just growth, but use the re-knew from closing the loopholes to cut the deficit. are you accepting that or not? >> i think that is the formul formula. that is the way we reach agreement. you can close the loophole -- >> chris: it's not the growth. taking the money, tax expenditures through the loopholes and giving, using it as a deficit savings. >> as long as you close the loopholes and limit the...
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Nov 11, 2012
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it sounds like boehner said look, we are going to have to deal. they are more okay with that than they have been in the past. what is weird to me is that the jobs aspect of this, which you are talking about in terms of what your constituents want and the thing you hear on the campaign trail. it's so absent from this conversation. it seems to me like the most important thing is growth. i'm with bob lucas that said that, right? once you think about growth, you can't think of anything else. exactly. growth is important. the point is, how do we get growth and full employment? that, to me, is a part of this conversation that's not here. >> some of the spending is investment. when government spends money on unemployment, which is part of this fiscal curve, it's manufactured. we could steer away from that curve by extending the emergency unemployment. we put money in those pockets of people out of work. they spend it immediately. it goes into the economy. corporations have $1 trillion of cash waiting for a smoke signal that there's going to be aggregate
it sounds like boehner said look, we are going to have to deal. they are more okay with that than they have been in the past. what is weird to me is that the jobs aspect of this, which you are talking about in terms of what your constituents want and the thing you hear on the campaign trail. it's so absent from this conversation. it seems to me like the most important thing is growth. i'm with bob lucas that said that, right? once you think about growth, you can't think of anything else....
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Nov 11, 2012
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boehner says the we can hope for a band-aid solution? >> the reason i said probably mid-february you are able for the month of january and half of february to hold off on some of these tax withdrawals you are able to do treasury department. in the first year of defense cuts only about 15% of what you actually appropriated is spent. it's paid out over four years. so you are able to get into the 1st of february february before real damage is gone. if you go into march, you will have a minimum negative g.d.p. growth and negative reduction. tony had another pointed there. bipartisan debt commission said two-thirds of this should be done by approximately spending cut entitlement reform because that is a large part of the budget but about one-third has to be done by tax revenues. they understand what a principle bipartisan compromise is needed must be done for the good of the american people. >> heather: i wanted to talk more about that. this is nonprofit partisan congressional budget office. they said the current national debt exceeds 70% of
boehner says the we can hope for a band-aid solution? >> the reason i said probably mid-february you are able for the month of january and half of february to hold off on some of these tax withdrawals you are able to do treasury department. in the first year of defense cuts only about 15% of what you actually appropriated is spent. it's paid out over four years. so you are able to get into the 1st of february february before real damage is gone. if you go into march, you will have a...
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Nov 11, 2012
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. >> i would even say keep these conversations loud and public and also show john boehner, if john boehner is going to be blaming everybody else but john boehner for being owe not being able to poll this red ants that infested his regions what can't get done, let's just see what that's about. because this is a democracy. this isn't the president's mandate. it's everybody's mandate. >> i want to set two things next to each other. on the one hand, we had a letter in the washington post to the president and to the congress from sort of the group that had supported the president, big labor and others and they made it very clear. the 2012 elections are over. the american people have spoken. we've voted for the middle class, putting people back to work and not job killing budget cuts and not attacking social security and medicare and medicate. this is what they're saying. on the other hand, we have boehner who won a majority in the house of representatives. here's what he said thursday to diane sawyer about raising taxes. >> is it on the table to talk about it? >> i made clear -- >> the wealthie
. >> i would even say keep these conversations loud and public and also show john boehner, if john boehner is going to be blaming everybody else but john boehner for being owe not being able to poll this red ants that infested his regions what can't get done, let's just see what that's about. because this is a democracy. this isn't the president's mandate. it's everybody's mandate. >> i want to set two things next to each other. on the one hand, we had a letter in the washington...
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Nov 11, 2012
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john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, ar
john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring,...
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could john boehner face another revolt? >>> first, we go back to florida, ground zero for head counts and election nights with no winners, again? this is msnbc. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology brushes for a superior clean. oral-b power brushes. go to oralb.com for the latest offers. >>> from his ranch in crawford, texas, governor bush voiced his objections to a third recount of ballots in florida. >> we've had one count and then we had another count. and fortunately, we won both counts. >> by going to court, bush is hoping to insure his lead in florida unofficially a 327-vote marnellen doesn't change in tallahassee today, former secretary of state, james baker, repeated his argument that hand-counting is subjective and unreliable a
could john boehner face another revolt? >>> first, we go back to florida, ground zero for head counts and election nights with no winners, again? this is msnbc. ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brushes and even up to 50% more than leading sonic technology...
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Nov 11, 2012
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it listened to speaker boehne boehner. he wants this to happen. we can't have tree believers at -- true believers at the table. we need real compromise. the president laid out a draft of what we could work with and change as he suggested but there are principles that we need to adhere to. we have had an election and there consequences. we need to be open minded of what the solution will be. >> congressman elect, you have served. how worried are you in a deal doesn't get done, you are here and will be part of what happens next. how worried are you for a domestic and defense cut that could be coming? >> i'm deeply worried about the defense cuts coming. i was in front lines on n afghanistan and i saw it firsthand. we didn't have active axles or tires to take the troops out and fight to bad guy. i opposed the act at the time. president put it on the table and recognized in the last debate when he said the sequestration will not happen and the secretary of defense leon panetta said it would be devastating. of the issues that congress faces in two month
it listened to speaker boehne boehner. he wants this to happen. we can't have tree believers at -- true believers at the table. we need real compromise. the president laid out a draft of what we could work with and change as he suggested but there are principles that we need to adhere to. we have had an election and there consequences. we need to be open minded of what the solution will be. >> congressman elect, you have served. how worried are you in a deal doesn't get done, you are here...